Quote:
Originally Posted by Vettezuki
BTW, thanks.  Joe hooked us up and we're now taking CCs. It was a bit more expensive on the front side than other offers, but his explanation of advertised rates compared to effective rates for most smaller businesses made sense. They delivered on time and got us up to speed right away. |
Glad to hear.
Quote:
Originally Posted by jsup
What's the application? Retail? Ecommerace? I went through this with IP.
What I learned is as a vendor YOU pay different rates depending on the type of card the customer uses.
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It's more than just the card type but also how the transaction is entered and so on. Here is a list of just some of Visa's categories:
Standard
Electronic Interchange Rate(EIRF)
CPS Small Ticket
CPS Restaurant
CPS Supermarket - Credit
CPS Automated Fuel Dispenser
CPS Card Not Present
CPS Retail
CPS Account Funding
CPS Retail Key Entry
CPS Retail 2
CPS Retail 2 – Developing Markets
CPS Supermarket - Debit
CPS Supermarket - Debit Maximum
CPS Retail - Debit
CPS Utility
CPS Rewards 1
CPS Rewards 2
CPS Rewards 2 – MOTO / E-commerce
CPS Service Station
CPS Electronic Commerce Basic
CPS Electronic Commerce Preferred
US Consumer Interregional Airline
US Infinite/Signature Interregional Airline
CPS Passenger Transport
CPS Hotel and CPS Car Rental (Card Not Present)
CPS Hotel and CPS Car Rental (Card Present)
Signature Card Standard
Signature Card Electronic
CPS Electronic Commerce Preferred – Passenger Transport
CPS Electronic Commerce Preferred – Hotel
CPS Electronic Commerce Preferred – Car Rental
Now these are just the categories for regular Visa's. Visa's Business/Corporate/Purchase cards have their own categories. Then you have MasterCard who has their own and Amex and Discover, etc.
John, give Joe a call and they might be able to beat the rates you are getting now and save you some money. Just tell him Ron Cooper referred you.
Joe @ 888-580-4472 option 1 ext 6282 (or 916.580.6282)
